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Why Oil Won’t Trade Above $100 This Year

Why Oil Won’t Trade Above $100 This Year

Commodity analysts at Standard Chartered…

Energy / Oil Prices

Oil Gains 2% As Iran Deal Fades, Market Eyes Tight Supply

Sep 12, 2022 at 11:30 | Tom Kool

Oil prices pared some losses on Monday, with Brent gaining nearly 2% as a nuclear deal with Iran seemed to fade further away and markets refocused on Europe’s…

Oil Traders Spooked By COVID Lockdowns In China

Sep 02, 2022 at 08:00 | Editorial Dept

U.S. West Texas Intermediate crude oil futures are trading lower for the week while testing the key technical area that has held as support for two months. The catalysts behind…

Oil Prices Fall More Than 3% As G7 Discusses Price Cap For Russian Crude

Sep 01, 2022 at 12:22 | Alex Kimani

Oil is down over 3.2% on Thursday, while a pending G7 deal to cap Russian oil prices being discussed Friday could reverse that…

Oil Falls 5% On Growing Inflation Fears

Aug 30, 2022 at 11:15 | Tom Kool

Crude prices fell more than 5% on Tuesday afternoon as a result of inflation fears and concerns about demand returned.

How Will Iran’s Return To Oil Markets Impact Prices?

Aug 29, 2022 at 08:46 | Irina Slav

The United States and Iran are in the final stages of agreeing on a new nuclear deal that could see the return of Iranian crude on international markets,…

Oil Prices Slip After Powell Warns Of Higher-For-Longer Interest Rates

Aug 26, 2022 at 10:43 | Julianne Geiger

Crude oil prices began to slip on Friday after Federal Reserve Chair Jerome Powell spoke for a mere 8 minutes, warning that there would be pain ahead. “While higher interest…

Middle East Producers Cautious With Price Hikes Amid Recession Fears

Aug 25, 2022 at 13:11 | George Barber

The life of Middle Eastern national oil companies was just too good to continue as previously, raking in unbridled profits amidst triple-digit oil prices. September 2022 is unlikely to change…

Oil Prices Flat As OPEC Reveals Export Increase

Aug 25, 2022 at 08:15 | Charles Kennedy

Crude oil exports by OPEC members have gone up by more than 200,000 bpd so far in August, PetroLogistics data has shown, as cited

Two Oil Price Crashes Later, Shale Investors Are Finally Being Paid

Aug 24, 2022 at 08:31 | Tsvetana Paraskova

Some early investors in the Texas shale patch are now reaping the benefits of not giving up on the Permian basin over the past decade and sticking with…

Brent Crude Zooms Towards $100 As OPEC+ Leaks That It May Cut Production Again

Aug 23, 2022 at 10:09 | ZeroHedge

Two months ago, we said that with oil tumbling from its post-Ukraine war highs, it's only a matter of time before OPEC+ makes a mockery of the Biden-MBS "amicable" fistbump...

Oil Has Become Too Volatile For Traders

Aug 19, 2022 at 10:37 | Irina Slav

Price volatility is a trader’s bread and butter, but in oil, volatility is becoming excessive, pushing traders away and making life harder for a lot of businesses that…

Oil Dips As Fear Of Recession Prevails On Market

Aug 19, 2022 at 08:55 | Tsvetana Paraskova

After two days of gains, oil prices turned lower early on Friday, weighed down by lingering concerns about recession in major economies and a strong dollar, which makes crude more…

Oil Prices Rally As Traders Focus On Tight Supply Outlook

Aug 18, 2022 at 13:02 | Julianne Geiger

Crude oil prices resumed their climb on Thursday, reclaiming some of the ground lost over the last month. At 1:30 p.m. ET, the WTI benchmark was trading at $91.09, a…

Barclays Slashes Oil Price Forecast To $103 Per Barrel

Aug 16, 2022 at 08:28 | Tsvetana Paraskova

Resilient Russian oil supply and an expected surplus on the market prompted Barclays to slash its Brent oil price forecast to $103 per…

Oil Drops 5% On Disappointing Economic Data From China

Aug 15, 2022 at 09:21 | Julianne Geiger

Oil prices fell sharply on Monday, dragged down by disappointing economic data from the world’s largest crude oil importer and the world’s second-largest crude oil consumer. The price of WTI…

Goldman Sachs Cuts Oil Price Forecast To $110 This Quarter

Aug 08, 2022 at 10:58 | Tsvetana Paraskova

Goldman Sachs revised down its Brent price forecast for this quarter to $110 a barrel, down from a previous projection of $140 per barrel, but the investment bank still…

Dodgy Demand Data? The Oil Price Collapse Conspiracy

Aug 05, 2022 at 11:22 | Alex Kimani

WTI crude oil prices fell to their lowest point since early February on Thursday, giving up virtually all gains since Russia invaded Ukraine. WTI crude…

Oil Prices Climb Even As Payroll Report Surprises

Aug 05, 2022 at 10:24 | Julianne Geiger

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the…

Oil Prices Fall To $90, But It’s Not Enough For Biden

Aug 03, 2022 at 12:04 | Alex Kimani

After touching the highest level since 2009 above $130/bbl, oil prices have pulled back sharply over the past two months with both Brent and WTI crude currently trading…

Oil Could Fall to $90 If Inflation Persists

Aug 03, 2022 at 11:04 | Irina Slav

Crude oil prices could fall to $90 per barrel if the economies of the world's two biggest consumers continue struggling with growth, Bharat Petroleum's chairman told the Economic Times.…


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